China Has Overtaken The US To Become The World's Largest Grocery Market

Industry experts
IGD announced this week said that China has overtaken the US
to become the world's largest food grocery market, valued at £607
billion ($964 billion) at the end of 2011, while the US market
came in at £572 billion ($907 billion).

IGD expects that gap to grow — by 2015 it is expected to be at
£918 billion ($1,457 billion) compared to a US value of £675
billion ($1,071 billion).

By that time all four BRIC nations are expected to be in the top
five grocery markets in the world, the reports says.

While on the one hand, this growth may appear a threat to Western
economies, it also represents an opportunity.
The Guardian reports that Tesco, the UK's largest supermarket
chain, has begun expanding into emerging markets.